Form 4: Cohen & Co Director Awarded 2,300 Shares

Cohen & Co Inc. Director Jack Haraburda received an award of 2,300 shares of common stock under the company's long-term incentive plan.

Summary

• Jack Haraburda, a Director of Cohen & Co Inc. (COHN), was awarded 2,300 shares of common stock.
• The transaction occurred on December 19, 2025.
• The shares were awarded under the Company's 2020 Long-Term Incentive Plan, as amended, at a price of $0.00 per share.
• Following this transaction, Mr. Haraburda beneficially owns 13,884 shares of common stock directly.

Sentiment

Score: 7

Explanation: The sentiment is positive as the award aligns director interests with shareholders and is a standard practice for incentivizing long-term commitment, with no negative implications identified.

Positives

• The award of shares to a director, Jack Haraburda, aligns his interests more closely with those of the company's shareholders.
• The transaction is part of an existing long-term incentive plan, indicating a structured approach to executive and director compensation.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

Equity awards to directors and executives are a standard practice across various industries, particularly in financial services, to incentivize long-term performance and align management interests with shareholder value. Such awards are typically part of a broader compensation strategy designed to attract and retain talent.

Comparison to Industry Standards

• The use of a long-term incentive plan for director compensation is a common practice in the financial services industry, comparable to compensation structures at firms like Lazard Ltd. or Greenhill & Co. Inc., which also utilize equity grants to align director and executive interests with company performance.
• The award of common stock at a $0.00 price is typical for incentive grants, reflecting compensation rather than a purchase, a method widely adopted by public companies to reward and retain key personnel.

Stakeholder Impact

• Shareholders: The award increases the director's ownership stake, potentially fostering greater alignment with shareholder interests and long-term value creation.

Key Dates

Keywords

Cohen & Co Inc., COHN, Jack Haraburda, Insider Transaction, Stock Award, Long-Term Incentive Plan, Director Compensation, Equity Grant